India’s total exports of goods and services rose nearly 85 per cent in 12 years to $863 billion in 2025-26, driven by strong services growth, IT and GCC expansion. Merchandise exports also showed robust growth, reflecting sustained trade momentum
India’s exports have touched a record USD 863 billion in FY 2025-26, up from USD 468 billion in FY 2014-15, growing at a CAGR of 5.7 percent. Commerce ministry official Nitin Kumar Yadav highlighted strong growth in merchandise, services, and non-petroleum exports, backed by landmark trade agreements with EFTA, EU, UAE, and Mauritius.
India’s combined goods and services exports rose 4.59 per cent to a record USD 863.11 billion in 2025-26, driven mainly by strong growth in services exports. Merchandise exports also registered modest growth despite global economic uncertainties and challenges in international trade
India is negotiating free trade agreements with the US, EU, and several other countries, Commerce Minister Piyush Goyal said. Talks with the US aim to double trade to $500 billion by 2030, while the India-EFTA pact takes effect on October 1
Chief Economic Adviser V Anantha Nageswaran said urban demand may be stronger than reflected in official data, citing UPI growth and SME spending. He projected FY26 growth at 6.3–6.8 per cent and emphasised the need for innovation to sustain exports
Textile, leather, gems, and jewellery stocks fell in Thursday morning trade after the US imposed a steep 50% tariff on Indian goods from August 27, impacting exports worth over USD 48 billion. Broader markets also declined sharply in response
For the first time, smartphones have become India’s top export in FY25, overtaking traditional leaders like petroleum products and diamonds. The shift signals a major transformation driven by domestic manufacturing push and global demand for India-assembled mobile device